Patria Investments Limited (PAX 5.34%)
Q1 2022 Earnings Call
May 10, 2022, 9:00 a.m. ET
- Prepared Remarks
- Questions and Answers
- Call Participants
Good day, and thank you for standing by. Welcome to the Patria first quarter 2022 earnings conference call. Participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session.
[Operator instructions] I would now like to hand the conference over to the speaker today, Josh Wood, head of shareholder relations. Please go ahead.
Josh Wood — Head of Shareholder Relations
Thank you. Good morning, everyone, and welcome to Patria’s first quarter 2022 earnings call. Joining today, are our chief executive officer, Alex Saigh; and our chief financial officer, Marco D’Ippolito. Earlier this morning we issued a press release and earnings presentation detailing our results for the first quarter, which you can find posted on our investor relations website at ir.patria.com or on Form 6-K filed with the Securities and Exchange Commission.
Any forward-looking statements made on this call are uncertain, do not guarantee future performance and undue reliance should not be placed on them. Patria assumes no obligation and does not intend to update any such forward-looking statements. Such statements are based on current management expectations and involve inherent risks, including those discussed in the Risk Factors section of our latest Form 28-F annual report filed in April. Also note, that no statements on this call constitute an offer to sell or solicitation of an offer to purchase an interest in any Patria fund.
As a foreign private issuer, Patria reports financial results using international financial reporting standards or IFRS, as opposed to US GAAP. Additionally, we will report in reference to certain non-GAAP industry measures which should not be considered in isolation from or as a substitute for measures prepared in accordance with IFRS. Reconciliations of these measures to the most comparable measures calculated in accordance with IFRS are included in our earnings presentation. On headline metrics, Patria generated fee-related earnings of $32 million and distributable earnings of $35 million or $0.24 per share for 1Q ’22.
We declared a quarterly dividend of $0.20 per share payable on June 16th to shareholders of record as of June 2nd. With that, I’ll now turn the call over to our chief executive officer, Alex Saigh.
Alex Saigh — Chief Executive Officer
Thank you, Josh. Good morning, everyone. And we hope you are all well. Patria started ’22 very …….